Raytheon reports it will offer a new missile design to the U.S. Army to replace its current tactical missile system weapons.

The new design for the Army's Long-Range Precision Fires requirements adds enhanced speed, range and power, as well as cost-effectiveness, Raytheon said.

"Our LRPF design will provide the U.S. Army with double the combat power of its ground launchers by utilizing a new design that fits two missiles in a single launcher pod -- increasing effectiveness at a fraction of the cost of the current weapon," said Dr. Thomas Bussing, Raytheon vice president of Advanced Missile Systems. "Advances in propulsion will enable LRPF to fly faster over longer distances -- approximately 500 kilometers (about 310.6 miles) -- to defeat fixed land targets. This is the definition of overmatch against future threats."

The LRPF missile will be designed to integrate with M270 MLRS and M142 HIMARS rocket launchers now being used by the Army.